IMPACT Community Capital LLC

#ICYMI: Be sure to watch ImpactAlpha’s recent ‘Agents of Impact’ call focused on the importance of affordable housing preservation, featuring IMPACT Community Capital LLC CIO Michael Lohmeier. Mike explains how IMPACT provides institutional-scale investment opportunities in affordable housing and works to preserve affordability with bridge loan financing for multifamily developments whose affordability restrictions are expiring. Listen to the valuable conversation with Mike and the other affordable housing leaders here: https://lnkd.in/edp6QwEh 

Affordable housing is a sector of real estate investment that often comes with misperceptions due to the limited focus on its potential social impact. Our CIO Michael Lohmeier tackles this topic on the #PlotLines podcast with Gregory FCA hosts Heather Crowell and Britni Ackrivo. He explains why these investments are not just about addressing social needs—they also offer stability and long-term value for investors. Listen to the full episode and hear Mike’s insightful thoughts here: https://lnkd.in/eBu-hWCV  #AffordableHousing #ImpactInvesting #RealEstate 

We’re proud to announce that CIO Michael Lohmeier will be a panelist on ImpactAlpha’s next ‘Agents of Impact’ call this coming Wednesday, focusing on the investment case for affordable housing preservation. At IMPACT Community Capital LLC we believe that safeguarding existing affordable units is vital for low-income families and can offer steady, risk-adjusted returns for investors. Join Michael and other industry experts as they explore the investment models that support this essential asset class on Wednesday, 10/16 at 10 am PT/1 pm ET. Don’t miss this opportunity to engage in a vital conversation about the future of affordable housing! Register for the event here: https://lnkd.in/eXttdbsR?

While other segments of the multifamily market may be dealing with oversupply and rising vacancy rates, the affordable multifamily sector is experiencing steady demand. This can be seen in moderating construction costs, completed deal volumes, and stable vacancy rates. “We remain confident that the need for affordable housing is real, and the fundamentals demonstrate affordable housing’s ongoing appeal to investors and its deep impact on communities, whether the Fed is able to engineer a soft landing or not,” writes IMPACT Community Capital LLC CIO Michael Lohmeier in our latest quarterly commentary.    To learn more from Michael Lohmeier about the unique investment opportunity in multifamily affordable housing, watch the video below or read our latest Market Commentary here: https://lnkd.in/gy4Z8Eyp 

IMPACT Community Capital LLC Manager of Investments Ryan Cunningham recently shared his insights in Pensions & Investments with his commentary, “Affordable housing has a problem-solving ethos and as costs rise, that mentality is showing up in new ways.” The piece highlights how the affordable housing sector is meeting rising costs head-on, spotlighting the creative solutions emerging in the face of labor shortages, insurance premiums, and interest rate challenges.     The affordable housing sector has long been noted for its remarkable resilience — and it remains a stable investment opportunity for institutional investors today. Read the full article here: https://lnkd.in/ekp7xJK3

Institutional investors, foundations, endowments, family offices, and others have woken up to affordable housing as a stable portfolio asset. “Our investors view this as more of a core real estate investment, something that offers lower risk, with stable returns, and matches up well against their liabilities,” said IMPACT Community Capital LLC CEO Jeff Brenner. Listen to ImpactAlpha’s latest "Agents of Impact" podcast episode, “Building institutional-grade strategies to create and preserve affordable housing” to hear more from Jeff’s conversation with David Bank: https://lnkd.in/ecaeQgND 

The IMPACT Community Capital LLC team recently visited San Francisco’s Hunters Point neighborhood, where we are helping to finance the construction of a new affordable multifamily development. This property, which will feature 111 units of rent-restricted housing across a pair of 5-story buildings, is part of a greater San Francisco initiative to transform and redevelop this historic area into a new and vibrant neighborhood.       The Hunters Point development will restrict all of its units to households earning between 30-50% of the area median income (AMI) and will offer a range of amenities, including a clubhouse, fitness center, and recreation area. To learn more about our recent investments, visit our website: https://lnkd.in/ecr2d3v2  

Affordable housing offers residents much more than just shelter: The money families save each month, compared to market-rate rents, allows them to afford other essentials – like childcare, groceries, and transportation. According to the Harvard Joint Center for Housing Studies’ latest State of Housing report, more than one quarter of lower-income renter households experienced food insufficiency in early 2024. Increasing the availability of affordable housing is critical for those who face tradeoffs such as paying their rent or being able to afford food. To learn about the tangible ways in which our work generates real and lasting impact, read our 2024 Impact Report here: https://lnkd.in/etXUHJ-i

I recently spoke with Davide Mamone about how our team at IMPACT Community Capital LLC is working to help mitigate challenging commercial real estate risks and create value for investors. FundFire subscribers can read the article, “Climate Change Has Pummeled Insurance – Are Real Estate Funds Next?” here: https://lnkd.in/gsjeFZf6

At IMPACT Community Capital LLC, our commitment to affordable multifamily housing isn’t only about generating positive social change — it’s also a proven investment strategy backed by data.     Greg MacKinnon’s recent research in the PENSION REAL ESTATE ASSOCIATION (PREA) Quarterly offers fresh evidence supporting our fundamental thesis. The study compared the investment performance of affordable versus less affordable* multifamily properties over a 26-year time period and found that affordable properties had higher returns, lower volatility, and greater resilience across market cycles.     Check out Greg’s full insights in "Can Investors Afford to Ignore Affordability? The Investment Characteristics of Affordable Housing" in the latest PREA Quarterly: https://lnkd.in/gPGhVcsk    *Affordable and less affordable as defined in the referenced PREA Quarterly article.